Stephensons Solicitors LLP Banner Image
Stephensons Trustpilot stars
Based on count 1315
View all reviews

Compulsory liquidation

A compulsory liquidation is the result of a winding up petition being issued at court against the business, usually where the business is unable to repay its debt. If the petition is issued your company could be in serious difficulty and you must seek professional advice immediately, speak to a member of our insolvency team on 01616 966 229.

loading staff

Compulsory liquidation solicitors

The consequences of a winding up petition being and advertised are your business being unable to trade, as it is common for banks to freeze bank accounts and suppliers to restrict credit terms or demand early repayment of outstanding debts. If the winding up petition is successful an insolvency practitioner is appointed as liquidator and trading should immediately cease. The liquidator assumes full responsibility of the business and any assets which can be sold to raise funds and pay off your creditors. 

Our corporate insolvency lawyers are highly skilled in advising businesses experiencing financial pressure and it is never too late to seek help. Our team can identify a range of recovery solutions reducing the risk of insolvency and preventing creditors taking legal action against your business, call us on 01616 966 229 or complete an online enquiry form and we will contact you directly. 

4.6out of 10
4.6 score on Trustpilot Based on count 1315

We're Great

It is our business to deliver legal services that work for our clients, and you can trust our specialists to take care of things on your behalf.

Our Trustpilot reviews

Commercial forfeiture restrictions extended

On 16 June 2021, the government announced that the restrictions on commercial forfeiture for unpaid rent arrears has been extended until 25 March 2022. The restrictions, which have been in place since 26 March 2020, were due to be lifted on 30 June 2021....

Read more

Twitter commercial

@CommercialLLP

Financial infidelity - don't let money secrets ruin your relationship

National survey reveals how truthful UK adults are about money matters with their partner. Almost a third (32%) of UK adults had little to no trust* in their most recent partner when it comes to financial matters. More than a third (38%) of UK...

Read more

Commercial reorder

  • Jonathan Chadwick
  • Louise Hebborn
  • David Baybut
  • Kate Bullen
  • Chris Graves
  • Alistair Gregory
  • Philip Richardson
  • Julie Ball
  • Paul Davies
  • Julie Hunter
  • Adam Pennington
  • Andrew Whitehead
  • Jessica Charnock
  • Sophie Chilstone​​​
  • Gillian Cooke
  • Laurence Searle
  • Martin Haisley
  • Terri Meehan
  • Neil Marshall
  • Declan Gilroy​​
  • Matthew Smith